Legislative Update: Rep. Emanuel “Chris” Welch On Millionaire Tax, Governor Quinn’s Budget Address And More

Wednesday, April 2, 2014

The following update was issued by the office of State Rep. Emanuel “Chris” Welch:

Release Date: March 28, 2014

This week was a very busy week in Springfield.  Legislators in the House of Representatives presented bills in committee to meet today’s deadline to pass bills out of committee, and Governor Pat Quinn delivered his annual Budget address to a joint session of the General Assembly.

Surcharge Tax on Millionaires…The millionaires tax that I co-sponsored along with Speaker Mike Madigan passed out of the House Revenue Committee this week on a vote of 6 to 4, and it is now headed to the full house for consideration.  Because this bill calls for a constitutional amendment, it will need 71 votes instead of 60 to pass out of the House.  As I mentioned last week in my legislative report, HJRCA51 provides that an additional income tax shall be imposed on individuals in an amount equal to 3% of the portion of the individuals income that is greater than $1,000,000 for the taxable year.  The bill further mandates that this additional tax be distributed directly to school districts on a per pupil basis.  Illinois has over 8 million residents, and only 13,000 of those residents are millionaires.  This additional tax, if approved by the General Assembly and by the voters in November 2014, would generate an additional 1 billion dollars for our school districts.  This is much needed revenue for our  schools.  To view the complete text of HJRCA 51, please go to www.ilga.gov.

Governor’s Annual Budget Address…This week Governor Pat Quinn delivered his annual Budget address to a joint session of the General Assembly on the floor of the House of Representatives.  During his speech, Governor Quinn mentioned that the State faces some difficult decisions ahead, especially if the 2011 temporary tax increase is allowed to expire in January 2015.  If the tax expires, the State will lose $2 billion dollars in revenue which would lead to massive cuts in K-12 education, higher education MAP grants, social services and public safety.  As such, Governor Quinn called for the General Assembly to make the temporary tax increase permanent to sustain the current revenue levels.  Gov. Quinn also advocated for property tax relief by giving homeowners across the state an annual $500 property tax refund.

I would like to hear from my constituents on both of these issues as we will likely be making a decision on both issues in the coming weeks.  Feel free to contact my office at (708) 450-1000 or email me at repwelch@emanuelchriswelch.com.

West Central Municipal Conference (WCMC)…The municipalities who are members of the West Central Municipal Conference were in Springfield this week for their annual lobby day on Wednesday, March 26, 2014.  I was happy to meet with Mayors and Trustees from many of the 7th District communities.  Special thanks to Westchester Mayor Sam Pulia, Trustees Angelo Calcagno and Tommy Yurkovich, and Village Manager Janet Matthys (Pictured Above), for visiting me on the House floor following the Governor’s budget address.

The House reconvenes on Tuesday, April 1, 2014 at 12 pm.  I will share my next Legislative Report with you on Friday, April 4, 2014.

Until then,

Emanuel “Chris” Welch

State Representative, 7th District

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